Neary Lagoon Senior Housing Inc

Charity Navigator Rating: 84%, Three-Star out of Four Star rating.

Neary Lagoon Senior Housing Inc has received a strong rating of 84%, indicating a solid commitment to accountability and financial health. The organization's score is derived entirely from the Accountability & Finance beacon, demonstrating effective oversight and management practices. Notably, it boasts a fully independent board and adheres to best practices with well-defined policies, such as a conflict of interest policy and a whistleblower policy.

The nonprofit excels in its program expense ratio, utilizing 96.23% of its funds directly for its programs, which suggests a strong focus on its mission. The organization has also achieved full scores in areas such as financial statements oversight and the absence of material asset diversion, reflecting a high level of transparency and responsible stewardship of resources.

However, the organization has a liabilities to assets ratio of 63.67%, which indicates a relatively high level of liabilities compared to its assets. While still reflecting sound financial management, this may suggest potential concerns regarding financial stability that stakeholders should monitor moving forward. Overall, Neary Lagoon Senior Housing Inc demonstrates a strong framework for accountability, though attention to its financial leverage is advisable.

This AI summary has been generated from information found on Charity Navigator.

Neary Lagoon Senior Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Neary Lagoon Senior Housing Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,570

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